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Philadelphia’s Bankrupt UArts Sells off Library of Rare Art Books

Philadelphia’s bankrupt University of the Arts (UArts) sold off rare books and manuscripts from its library at a Freeman’s | Hindman auction on September 10, 2024. The 38 lots from UArts’ collection fetched $163,328, nearly 20% of the sale’s $806,519 total. Top lots included a deluxe first edition of Andre Level’s 1928 monograph on Pablo Picasso, signed by the artist, which sold for $35,200; a complete portfolio of Josef Albers’s 1965 *Die Oberflache*, which brought $21,760; and a limited edition of James Joyce’s *Ulysses* illustrated by Robert Motherwell, which sold for $16,640. UArts closed abruptly in June 2024, citing financial fragility and declining enrollments, and later filed for Chapter 7 bankruptcy, selling its real estate holdings for nearly $75 million.

Japanese museum’s collection of Western art could bring $60m at auction

The Kawamura Memorial DIC Museum of Art, a private museum near Tokyo that closed permanently in March 2025, has consigned 80 works from its collection of Western modernism to Christie’s. The consignment is expected to generate at least $60 million across multiple sales in New York this autumn, led by a 1907 Claude Monet *Nymphéas* painting estimated at $40 million. Other highlights include a Pierre-Auguste Renoir *Baigneuse* from 1891, two Marc Chagall paintings, and works by artists such as Mark Rothko, Pablo Picasso, and Cy Twombly. The museum’s parent company, DIC Corporation, plans to retain only about 100 works and sell the remaining roughly 280 pieces gradually.

Take a Closer Look at These Highlights From John Moran’s Art and Design Sale

John Moran Auctioneers in California is hosting a major Art + Design sale on September 30, 2025, featuring over 350 lots of fine and decorative art, furniture, couture, and Asian antiques. Highlights include works by Richard Diebenkorn (Ochre, 1983), Davood Roostaei (Perennial Struggles, 2021), Alice Baber (The Swing and the Bridge, 1970), Wang Guangyi (Grace Family, 2004), and Wolf Kahn (Foliage in a Lemon-Yellow Surround, 2004), spanning Abstract Expressionism, Political Pop, and Color Field painting.

Sotheby’s September Sale stars Indian Masters

Sotheby’s is holding a September 2025 auction in London titled 'Modern & Contemporary South Asian Art,' featuring major works by Indian modernists including Francis Newton Souza, M.F. Husain, Sayed Haider Raza, Bikash Bhattacharjee, and K.K. Hebbar. Highlights include Souza's 'Emperor' (1957) from his celebrated mid-1950s period, Husain's 'Chittore Fort' (1964) from the renowned Chester and Davida Herwitz collection, and Bhattacharjee's 'Two Sisters No. 2' (1982), which previously sold in a landmark Herwitz single-owner sale at Sotheby’s in 1995.

Elaine: The Collection of Elaine Wynn

Elaine Wynn's personal art collection, featuring works by Richard Diebenkorn, Lucian Freud, Joan Mitchell, and J.M.W. Turner, will be auctioned at Christie's 20th and 21st Century Art sales in New York this November. The collection, titled 'Elaine: The Collection of Elaine Wynn,' reflects the taste of the legendary Las Vegas figure known as the 'Queen of Las Vegas' for her transformative influence on the city's art, architecture, and style.

Christie’s Quietly Deletes Digital Art Department

Christie’s has quietly dissolved its dedicated digital art department, laying off two staff members including vice president Nicole Sales Giles, as part of a strategic shift to fold digital art sales into its broader 20th and 21st Century Art category. The move follows a two-year contraction in the art market and a dramatic decline in NFT trading volume from $2.97 billion in 2021 to $197 million in 2024, mirroring similar downsizing at Sotheby’s and the shuttering of platforms like Async Art and KnownOrigin.

‘Unicorn’ collection, expected to fetch $180m, comes to Christie's

The Weis family, secretive mega-collectors behind the supermarket chain Weis Markets, are selling 80 artworks from their private collection at Christie's in November. The collection, assembled over nearly seven decades by the late Robert F. Weis and his wife Patricia G. Ross, includes major works by Pablo Picasso, Mark Rothko, Max Ernst, and Henri Matisse, and is expected to fetch over $180 million. Christie's secured the sale by offering an advance of nearly $200 million, reflecting strong confidence in the trove.

This Is What Happens When an Art Auction Bidder Changes Their Mind

Auction houses are grappling with a rise in bidders attempting to back out of winning bids, often citing flimsy excuses like cats jumping on keyboards. Richard Wright, CEO of Rago/Wright, describes a 'cat button' on their website that locks the bid button to prevent accidental clicks, but some buyers still renege by blaming spouses or pets. The problem has worsened with online bidding, as remote participants may not grasp the binding nature of a winning bid. Houses like Freeman | Hindman and Eldred's require deposits and registration to mitigate risks, but defaults persist, with Wright estimating 1% of sales become problematic.

The Collection of Robert F. and Patricia G. Ross Weis

The collection of Robert F. and Patricia G. Ross Weis, assembled over more than 50 years, will be offered at Christie’s 20th and 21st Century Art auctions in New York this November. The collection features major works by modern masters including Rothko, Picasso, Matisse, Mondrian, and Miró, reflecting the couple’s intellectual rigor and shared passion for modernism.

Middle Eastern art takes center stage in Sotheby’s London exhibition

Sotheby’s London is hosting an exhibition previewing highlights from its upcoming Modern & Contemporary Middle East and Arts of the Islamic World & India auctions. Featured works include Abdulhalim Radwi’s 'Untitled (Desert Scene)' (1975), a mix of oil and sand on canvas estimated at £40,000–£60,000; Ahmed Mater’s 'X-ray Painting 5' from his pioneering series blending medicine and art; Paul Guiragossian’s 'Portefaix en Chomage,' depicting unemployed porters; and Fahrelnissa Zeid’s 'Untitled (Flowers)' from the late 1940s, bridging figurative and abstract styles.

Auction sales fall 6% in the first half, raising fears of an art market shift

Auction sales at Sotheby's, Christie's, and Phillips fell to $3.98 billion in the first half of 2025, a 6% decline from the same period in 2024 and the lowest total in at least a decade excluding the pandemic. Postwar and contemporary art, the traditional growth engine, dropped 19%. ArtTactic cites lingering concerns over global economic growth, inflation, and geopolitical tensions as dampening confidence, even as wealthy individuals' personal wealth and stock markets reach record highs.

The Sky High Farm Biennial Cultivates Something Special

The Sky High Farm Biennial, curated by former Downtown art star Dan Colen, opened in a cold storage warehouse in Germantown, N.Y., featuring over 160 works by 50 artists across two floors. The exhibition is loosely themed around humanity's relationship with the natural world, with immersive installations by Anne Imhof (a maze of cider crates) and Rudolf Stingel (a mirrored floor requiring paper booties). Highlights include works by Nan Goldin, Thiago Rocha Pitta, Stephen Lichty, Carrol Dunham, Pia Camil, and Ann Craven. The show balances informal and polished elements, offering a breezy summer experience while serving as a thesis on artist community.

How Third-Party Guarantees Are Quietly (But Significantly) Rewriting the Rules of the Art Auction

The article reports that the New York Spring Marquee auctions in May 2025 generated $1.27 billion, an 8% decline from $1.38 billion in May 2024, followed by a 26% drop in London June auctions to £98 million. In response to this volatile market, auction houses like Christie’s and Sotheby’s are increasingly relying on third-party guarantees (or irrevocable bids), where a buyer agrees in advance to purchase a lot at a set price if no higher bid emerges. Data from Pi-eX Ltd shows that third-party guarantee coverage surged from near zero in 2021 to a record 73% in May 2025, with the Leonard & Louise Riggio collection being 99% backed by such guarantees.

Works by Stanley Spencer 'never been seen before' to be auctioned this week

A collection of previously unseen artworks and personal memorabilia from the Stanley Spencer family archives will be auctioned this week. The sale, titled 'Kindred Spirits: The Artistic World of Sir Stanley Spencer,' includes drawings, paintings, early sketchbooks, letters, and personal artefacts that have never been published or exhibited. The collection was consigned by the Estate of Sir Stanley Spencer and offered by his grandson John Spencer, the last direct descendant, following the deaths of Spencer's daughters. The auction takes place at Dreweatts' Modern & Contemporary Art sale on July 10, 2025, featuring works by Spencer, his wife Hilda Carline, and his brother Gilbert Spencer.

The art market bites back as estimates fail to score

Sotheby’s, Christie’s and Phillips raised a combined $1.27bn from their May 2025 marquee auctions of Modern and contemporary art in New York, an 8% decline from the same period last year, according to data from London-based auction analysts Pi-eX. The highest-priced lot, Alberto Giacometti’s 1955 bronze bust *Grande tête mince (Grande tête de Diego)*, estimated at $70m, failed to sell, while Andy Warhol’s *Big Electric Chair* (1967), valued at $30m, was withdrawn before Christie’s auction to avoid a similar fate. The downturn is attributed to geopolitical uncertainty under Donald Trump’s presidency, including tariffs announced on April 2, which have unsettled buyer confidence.

Shrewsbury Arts Trail: Open Exhibition Wows at SM&AG

The Shrewsbury Arts Trail Open Exhibition has opened at Shrewsbury Museum & Art Gallery, showcasing 144 works selected from 347 submissions by 148 local and regional artists. Organizers Phil Langstaff, Jessica Richards, and Pat Wilcox curated the show without a specific theme to encourage creative freedom. The exhibition also includes works by internationally recognized artists such as Halima Cassell MBE, Ian Rayer-Smith, Laura Ford, James Tapscott, Jacob Chandler, Picasso, and Andy Warhol in a separate 'Inspirational Exhibition.' The Open Exhibition continues at The Parade Shops with an additional 48 works on display.

Bob Dylan Prints to Go Under the Hammer at Halls

A private collection of signed prints by Bob Dylan will be auctioned at Halls Fine Art in Shrewsbury on July 9, 2025, with a total valuation of £50,000. The collection includes hand-finished works named after locations and dates from Dylan's musical career, with the standout piece 'Side Tracks' estimated at £20,000 to £25,000. Other notable prints include 'Train Tracks in Green', 'Sunflowers', and 'Cityscape', alongside a signed Fender Stratocaster guitar and works by The Connor Brothers and L.S. Lowry.

Everything to Know About Christie’s Modern Middle Eastern Art Auction

Christie’s has opened an online auction of Modern and Contemporary Middle Eastern Art, running through May 8th and featuring 69 works from across the Gulf, Levant, North Africa, Iraq, and Iran. The sale is led by pioneering artist Samia Halaby’s 2013 painting 'Water Lilies', estimated at $100,000–$150,000, and includes a dedicated 'Saudi Now!' section with 12 pieces by Saudi artists such as Ahmed Mater and Manal AlDowayan. Over a third of the lots are by women artists, including Etel Adnan, Helen Khal, Huguette Caland, Tala Madani, and Tagreed Darghouth, alongside North African figures like Mohamed Melehi and Hassan Hajjaj.

Oasis Fever Hits Sotheby's: 'Liam + Noel' Portrait Set to Fetch $2 Million USD

Elizabeth Peyton's 1996 double portrait of Oasis brothers Liam and Noel Gallagher, titled *Liam + Noel (Gallagher)*, is set to be auctioned at Sotheby's contemporary art sale in London on June 24. The painting is expected to fetch between £1.5 million and £2 million GBP ($2.03–$2.71 million USD). Created at the peak of the band's fame following their historic Knebworth Park shows, the portrait captures the brothers in a tight embrace, with Sotheby's specialist Antonia Gardner noting the "quiet tension" that foreshadowed their 2009 breakup. The work will be on public view at Sotheby's London galleries from June 18–24.

Art auctions see millennials, Gen-Z, snap up Asian art, blue-chip artists

A 2024 report by Artprice shows global art auction sales fell by a third to US$9.9 billion, the lowest since 2009, reflecting cautious collector behavior amid economic uncertainty. Despite the downturn, major auction houses—Sotheby’s, Christie’s, Phillips, and Bonhams—have opened new flagship showrooms in Hong Kong, signaling confidence in recovery. Phillips, Christie’s, Sotheby’s, and Bonhams all unveiled spaces in the West Kowloon Cultural District, The Henderson, Landmark Chater, and Six Pacific Place respectively. Online auctions and private sales are growing, with digital innovation helping engage younger buyers.

Italian art convinces, international art surprises

Sotheby's and Il Ponte held Modern and Contemporary art auctions in Milan at the end of May, achieving strong results for Italian 20th-century icons and international art. Sotheby's sale on 28 May featured 93 lots, 80 of which were auction debuts, and closed at approximately €11.4 million with a 90% sell-through rate. Top lots included Lucio Fontana's 'Concetto Spaziale, Attese' (1968), which sold for €1.56 million, and works by Giorgio de Chirico, Emilio Vedova, and Alighiero Boetti that far exceeded their high estimates. International highlights included Robert Indiana's 'Decade Autoportrait' selling for €245,000 and Willis Baumeister's 'Moby Dick' setting a record for the artist in Italy.

Annual art exhibit by incarcerated community raises $18K for scholarship

An annual art exhibition featuring works by incarcerated individuals in Arizona sold 200 pieces on May 16, raising over $18,000 for a scholarship at Arizona State University. The show, titled "{Ink}arcerated: Creativity within Confinement," displayed more than 400 artworks and drew approximately 600 visitors to a vacant retail space at the Arizona Center in downtown Phoenix. Organized by ASU criminology professor Kevin Wright, the event has raised a cumulative total of more than $70,000 since its launch in 2017, with this year's proceeds marking the largest single-show amount to date. A second public sale is scheduled for June 6 during Phoenix's First Fridays art walk.

Christie’s Spring Marquee Week Totals $693 Million 123% Over Low Estimate - Christie's

Christie's Spring Marquee Week, held May 12–15, 2025 in New York, generated $693 million in total sales, exceeding the low estimate by 123% and surpassing the auction house's totals from both May and November 2024. The week featured six evening and day sales, led by the $272 million Leonard & Louise Riggio: Collected Works sale, with the top lot being Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) selling for $47.6 million. Marlene Dumas' *Miss January* set a new auction record for a living female artist at $13.6 million, and additional records were set for Simone Leigh, Emma McIntyre, Louis Fratino, Dorothea Tanning, and Remedios Varo. The overall sell-through rate was 88% by lot, with strong bidding across all price bands.

Failed auction of $70M bronze bust stuns Sotheby’s bidders into silence

Sotheby's high-stakes Modern evening sale on Tuesday night ended in shock when Alberto Giacometti's bronze bust "Grand tête mince (Grand tête de Diego)," estimated at $70 million, failed to sell. Bidding stalled at $64.25 million, well below the reserve, and auctioneer Oliver Barker withdrew the lot. The consignment came from the Soloviev Foundation, the nonprofit arm of the late real estate mogul Sheldon Solow, who had declined an auction guarantee. The sale ultimately brought in only $152 million, far short of the $240 million low estimate, with the Giacometti representing nearly 30% of that target.

The rise of contemporary African art in a global market

The article reports on the rapid growth of the contemporary African art market, which has more than doubled in value since 2016 to an estimated annual combined value of $72 million. Sales of ultra-contemporary works by African-born artists under 45 surged from $16.2 million in 2020 to $40.6 million in 2021, and the market could reach $1.5 billion this year. Aspire Art, a South African auction house, has set records for artists like Joseph Ntensibe, whose painting *Forest Scene* sold for R924,200, and Nicholas Hlobo, whose work *Intlambo yochulumanco* fetched R1,479,400.

Record-breaking female Surrealists spice up underwhelming Christie’s New York sales

Christie’s New York spring sales brought in a combined $489 million across two evening auctions, including the Leonard and Louise Riggio collection ($272 million) and a 20th-century evening sale ($216 million). While sell-through rates were high at 94%, bidding was shallow and several high-profile lots underperformed: a Mondrian estimated at $50 million sold for $47.6 million, a Magritte from the Empire of Light series matched its 2023 price at $34.9 million, and a Lucio Fontana canvas that sold for $14 million in 2017 fetched just $7.5 million. Andy Warhol’s Big Electric Chair was withdrawn last minute amid a reported $10 million gap between seller and buyer expectations. The sales were bolstered by third-party guarantees and came hours after news of a temporary US-China tariff détente.

UK government bans export of £10m Botticelli painting

The UK government has imposed an export bar on Sandro Botticelli's painting *The Virgin and Child Enthroned* (1470s), valued at £10.2 million. The work was sold at Sotheby’s London in December 2024 for £9.7 million (with fees). The export bar, effective until 8 August, gives a UK gallery or institution time to acquire the painting and prevent it from leaving the country. The Department for Culture, Media and Sport (DCMS) has set a recommended price of £9,960,000 plus VAT. The painting, which had been kept at Betterton House in Berkshire since 1944, was previously owned by collector Harriet Sarah Jones Loyd (Lady Wantage) and has not been seen in public for nearly a century.

The Palestinian artist channelling ‘rage, love and hope’ into her paintings

Palestinian artist Malak Mattar presents her new solo show "Falasteen" at Central Saint Martins, featuring works created during her MFA that respond to the ongoing genocide in Gaza. The exhibition marks a synthesis of her earlier vibrant style and the stark monochrome she adopted after Israel's latest assault, with colors cautiously returning alongside themes of hope, resilience, and freedom. The show includes large-scale paintings, a concertina book, and new techniques like photo transfer and collage, including her 2024 painting "No Words," a black-and-white mural recalling Picasso's "Guernica." This is the first solo show by a Palestinian artist ever held at Central Saint Martins.

Exhibition, student art contest fosters 'a culture of positivity' - Innisfil News

The Colour Inspired Academy's 'I Can Change the World' Exhibition and Student Art Contest opens tomorrow at the Lakeshore branch of the Innisfil ideaLAB and Library in Innisfil, Ontario. Thirty-nine artists aged eight to sixteen will showcase paintings and sculptures, with awards presented in four categories (Junior, Intermediate, Senior, and Community Choice). Judges include Mayor Lynn Dollin, Innisfil Arts, Culture and Heritage Council vice chair Jeanette Luchese-Jacobs, and Community 4 Kids representatives Debra Harrison and Charlotte Hamilton. Winners receive Van Gogh Immersive Experience tickets donated by Lighthouse Immersive and Eugenia Protsko. Proceeds from sales benefit Community 4 Kids, a local charity supporting families in need.

Important Fritz Scholder painting, 'Four Indian Riders' (1967) being auctioned by Freeman’s | Hindman

Freeman's | Hindman is auctioning Fritz Scholder's iconic painting 'Four Indian Riders' (1967) as the headlining lot of its spring Post War and Contemporary Art sale on May 13, 2025, in New York. The work, estimated at $400,000–$600,000, was featured on the cover of the Smithsonian National Museum of the American Indian's 2008–2009 retrospective 'Indian/Not Indian' and is considered a groundbreaking piece that redefined Indigenous representation in American art.